Cam_H2_H5_Historical - MetaTrader 5 Script - MT4/MT5 Resources

A modified Camarilla dt historical indicator.

In fact, the Camarilla equation initially had 8 and in later versions 10 levels, used to calculate the opening, closing, high and low prices of yesterday's trading session, along with a set of recommendations on how to trade using these levels. The levels are divided into two groups. The first group is constructed starting from yesterday's closing prices, represented by the letter L (starting with "lowest") and numbered from 1 to 5. Similarly, the second group is constructed starting from yesterday's closing prices, represented by the letter H (you are right, starting with "highest") and numbered from 1 to 5. Note that the values ​​for levels 1 and 2 are relatively small and therefore not considered. In contrast, however, the L5 and H5 classes must not be excluded from consideration.

The indicator was first implemented in MQL4 and published in the code base of mql4.com on July 24, 2008.

Figure 1 Cam_H2_H5_Historical indicator

Attachment download

📎 cam_h2_h5_historical.mq5 (12.88 KB)

Source: MQL5 #1680